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The Latest Breaking News from Cryptocurrency

Coinbase to lay off 18% of workers as crypto winter worsens

Coinbase Global Inc announced Tuesday will lay off 18% of its workforce in another sign of a worsening crypto downturn that’s shaved off trillions of the total cryptocurrency market value.

Bangkok Post

Three Arrows Co-Founder Gives Pace To Insolvency Rumors: 'Fully Committed To Working This Out'

Zhu Su, the co-founder of the cryptocurrency investment firm Three Arrows Capital has spoken out on social media as rumors swirl around the hedge fund’s impending insolvency.

Benzinga

Bill Gates blasts crypto, NFTs as based on ‘Greater-Fool’ theory

Billionaire Bill Gates dismissed cryptocurrency projects such as nonfungible tokens as shams “based on the greater-fool theory” at a climate conference Tuesday, reviving past criticisms of digital assets.

The Times of India

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Bitcoin, Ethereum, Dogecoin Subdued Ahead Of Fed Meet: Crypto Layoffs Abound As Bear Market Bites

Bitcoin, Ethereum and other major coins were trading lower on Tuesday evening as the global cryptocurrency market cap fell 0.6% to $986 billion at press time.

Benzinga

Do You Believe Bitcoin Is Heading Below $15K, Ethereum Below $1K And Dogecoin Below 5 Cents By The End Of October?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week, we posed the following questions to over 1,000 Benzinga visitors on cryptocurrency investing:

Benzinga

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter

The company's platform allows people to buy and sell cryptocurrency. It had just gone public last year.

WEKU

If You Held $1,000 In Bitcoin, Ethereum, And Dogecoin On New Year's Day, Here's How Much You Would've Lost This Year

The cryptocurrency markets have been in a sharp downtrend over the last week. The market cap of the crypto sector currently sits at $977 billion, which is approximately one-third of its all-time high. Consequently, retail investors globally have suffered major losses, as most cryptocurrencies are trading 70% below their all-time…

Benzinga

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What Is The Price Of Bitcoin Right Now?

The worldwide cryptocurrency market capitalization is at $947.8 billion, up from $943.6 billion on Tuesday morning.

Benzinga

Mistaken Identity? Drink Maker Celsius Falls 10% On Monday

“What’s in a name? That which we call a rose by any other name would smell just as sweet.” A beverage company might be wishing it didn’t share a name with a cryptocurrency platform after being mistakenly linked.

Benzinga

Mike Novogratz Says Bitcoin Will 'Explode North' The Moment This Happens

The cryptocurrency market has been following traditional markets lower since the start of the year, but one investor said crypto will lead markets higher on the other side of the Federal Reserve's most aggressive tightening cycle in more than 40 years.

Benzinga

Bitcoin prices crash to 18-month low - what experts think will happen next

Bitcoin prices are falling after a series of blows, and now financial professionals say cryptocurrencies could crash even further as investors stand to lose even more money

Daily Mirror

Someone Just Sent 6,800 Bitcoin Onto Coinbase

What happened: An anonymous cryptocurrency wallet holding $150,847,252 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: 1BDDP24sXewavb22C5cTEiQQDU5Qcn9957

Benzinga

$300M In Bitcoin Was Just Transferred Between 2 Wallets

What happened: $300,214,336 worth of Bitcoin (CRYPTO: BTC) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's bitcoin wallet address has been identified as: 3C6zA5jP5f8s6CNihAgBWXrmEdtvUypxbc

Benzinga

This Wallet Just Transferred $300M Worth Of BTC

What happened: $300,313,043 worth of Bitcoin (CRYPTO: BTC) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's bitcoin wallet address has been identified as: 3HpLwTSsQJAARos9uD6sjd5euL8UV7SXua

Benzinga

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news in one place.

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Benzinga

$304M In Bitcoin Was Just Transferred Between 2 Wallets

What happened: $304,616,694 worth of Bitcoin (CRYPTO: BTC) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's bitcoin wallet address has been identified as: bc1q772l2adplfnzlfv9ywtwmhmrykt66kvwql08tw

Benzinga

BTC Tumbles to 52-Week Low, El Salvador Minister Unperturbed

Even as prices of the world’s largest cryptocurrency by market capitalization Bitcoin (CRYPTO: BTC) briefly slipped below $21,000 levels, its 52-week low, Finance minister of El Salvador Alejandro Zelaya says he can only “smile” when warned about fiscal risks.

Benzinga

Cryptocurrency Is Becoming an Absolute Game Changer in Today's Real Estate Transactions

In just a few short years, the public’s perception of cryptocurrency has evolved dramatically. It began with many first seeing it as a novel but impractical idea, then as a scam, then as a valid but volatile investment, and now, it’s finally starting to be seen as a legitimate form…

The Guardian - UK

Crypto exchanges Coinbase and BlockFi lay off hundreds of staff

Employees hit by cryptocurrency crash as bitcoin price has plummeted in recent weeks

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Benzinga

Coffee And Crypto: What's The Price Of Bitcoin Right Now?

The worldwide cryptocurrency market capitalization is at $943.6 billion on Tuesday morning, down from $968 billion just 24 hours ago. Investors are continuing to sell off crypto assets amid heightened inflationary pressures and a looming recession.

Benzinga

'Plan For The Worst So We Can Operate The Business Through Any Environment,' Coinbase CEO Announces 18% Staff Reduction

Cryptocurrency trading platform Coinbase Global (NASDAQ: COIN) announced a restructuring plan and the expectation for job cuts Tuesday morning, sending shares lower. Here are the details.

Reason

New York Puts Bitcoin Mining in the Crosshairs

It’s one of many anti-cryptocurrency policies emanating from the Empire State

Tribune News Service

SEC’s new crypto enforcers are coming for DeFi, lawyers say

WASHINGTON — The Securities and Exchange Commission’s decision to beef up its cryptocurrency enforcement staff could signal new worries for digital asset exchanges and others in the industry, as the agency broadens its view of whether some cryptocurrencies are securities.

Roll Call

SEC's new crypto enforcers are coming for DeFi, lawyers say - Roll Call

Lawyers say the SEC's boosting of cryptocurrency enforcement will put more scrutiny on decentralized finance platforms and NFTs.

Benzinga

Cathie Wood's Ark Notes Ethereum Arbitrage Opportunity Amid Celsius-Induced Crypto Bloodbath

Cryptocurrency lending platform Celsius' (CEL) move to halt withdrawals has rocked the already bearish cryptocurrency markets, but Cathie Wood's Ark Investment Management sees a silver lining in this cloud for patient investors.

WEKU

There's a new plan to regulate cryptocurrencies. Here's what you need to know

Two senators have unveiled a new bill with bipartisan support. But skeptics are already warning it's a step backwards and is far too crypto-friendly.

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